The GSEs will have to find ways to better serve the rural housing, manufactured housing and affordable housing preservation markets.

Housing advocates, spearheaded by the Lincoln Institute of Land Policy, believe the GSEs’ plans actually reduce loan targets for all three areas targeted by DTS.

UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.

Housing stakeholders liked FHFA’s plan to require Fannie and Freddie to develop equitable housing finance plans, but they also recommended changes.

The regulator noted that both Fannie and Freddie also exceeded their loan purchase targets for manufactured housing communities with tenant pad lease protections.

The GSEs plan to increase loan purchases in all three DTS categories: manufactured housing, rural areas and affordable preservation.

To meet FHFA’s new mission-driven purchase volume requirements, Freddie Mac will modify its guarantee-fee discounts for low-, very-low- and moderate-income loans.